Word: crisises
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Beating up on hedge funds or private equity on the tail of a banking crisis is itself a little puzzling. Official reports into the financial crisis - such as the British government-commissioned Turner Review, published in March - assigned such funds only a peripheral role in the tumult. National politicians have...
See pictures of the global financial crisis.
Originally, this group was made up of six (Canada joined in 1976 and Russia, officially, in 1997) and the idea behind it sprung from the oil crisis and subsequent worldwide recession of 1973. The nations wanted an informal forum to coordinate their macroeconomic policies during the downturn, in addition to...
The last serious disruption in global supplies came 30 years ago, during Iran's revolution, when oil-field workers joined a national strike, effectively taking Iran's 6 million bbl. a day off global oil markets. Back then, Iran's exports accounted for 10% of the world's oil supplies...
Monahan said that Hillel has "not been forced to curtail programs or services as a result of this fraud," and that there are no plans to do so at this point in time "due to the fraud or due to the economic crisis."